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This tutorial covers a topic in Drupal 7 which may or may not be the version you're using. We're keeping this tutorial online as a courtesy to users of Drupal 7, but we consider it archived.
Sprout Video
In this lesson we cover how one can use view modes and display suite to allow multiple options of layouts for content display. This allows a user to have a different layout of the same content for different scenarios of the site. Combining this with views and you can start to see the power of display suite in action.
Additional resources
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Display Suite Fields